Your Best Energy Plays Now: Stock Pickers

A number of energy names such as ConocoPhillips and Apache hit new highs Monday. What does that mean for the energy sector going forward? Pavel Molchanov, associate analyst for E&P at Raymond James and Philip Weiss, senior energy analyst at Argus Research Company shared their outlooks.

Energy Stocks a Buy?

A number of energy stocks have hit 52-week highs, but does the sector still have room to run? Pavel Molchanov of Raymond James and Phil Weiss of Argus Research share their views.

“The weakness in the dollar is a key factor that’s been pushing oil prices higher,” Weiss told CNBC Monday. “Also inventories, while still high, have fallen from the levels they were at previously and there’s belief that demand is going to grow at a little bit faster pace than they were at and that’s pushing prices as well.”

Weiss’ picks include Devon Energy and ConocoPhillips .

In the meantime, Molchanov said investors should focus on companies that have an overweight position in oil and an underweight position in natural gas such as Hess .